By Aysu Bicer
ANKARA (AA) – Türkiye’s short-term foreign debt stock totaled $134.5 billion as of the end of May, according to official data released on Tuesday.
The external debt due to be paid over the next 12 months rose 10.6% from the end of 2021, the Turkish Central Bank said.
Banks’ short-term external debt stock increased by 9.2% to $56.1 billion and other sectors’ short-term external debt stock was up by 10.9% to $49 billion.
Short-term foreign exchange (FX) loans of banks received from abroad rose by 11.1% to $12.3 billion.
FX deposits of non-residents, except the banking sector, within resident banks increased by 0.8% compared to the end of 2021 to $15.4 billion, while FX deposits of non-resident banks climbed by 12.1% to $17.5 billion.
Non-residents’ Turkish lira deposits were up by 16% to $11 billion.
Most of the short-term external debt stock – 45.5% – was in US dollars, followed by 25.9% in euros, 9.1% in Turkish liras and 19.5% in other currencies.
Trade credits due to imports under other sectors were at $43.8 billion, a 12.8% increase compared to the end of 2021.